AAON, Inc. (NASDAQ:AAON) Receives $107.75 Average PT from Brokerages

AAON, Inc. (NASDAQ:AAON) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $107.75.

A number of research firms have issued reports on AAON. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. DA Davidson reiterated a “buy” rating and issued a $120.00 target price on shares of AAON in a research note on Tuesday, February 3rd. William Blair reiterated an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Finally, Oppenheimer reiterated an “outperform” rating on shares of AAON in a research note on Friday.

Key Stories Impacting AAON

Here are the key news stories impacting AAON this week:

• Positive Sentiment: AAON posted record Q1 2026 sales of $496.9 million, up 54.3% year over year, while diluted EPS rose to $0.48, both ahead of expectations. Article Title
• Positive Sentiment: The company raised 2026 guidance, now expecting revenue growth of 40% to 45% and gross margins of about 27% to 28%, signaling management confidence in continued momentum. Article Title
• Positive Sentiment: Backlog jumped 107.4% to a record $2.1 billion, driven by strong demand from the data center market, which investors are viewing as a long runway for growth. Article Title
• Neutral Sentiment: Management said improving production throughput and higher utilization are starting to support margins, suggesting more operating leverage ahead. Article Title
• Neutral Sentiment: Analysts noted the stock’s move is also being fueled by AAON’s role as a “picks-and-shovels” supplier for the data center build-out, reinforcing the growth narrative. Article Title

Insider Transactions at AAON

In related news, CAO Rebecca Thompson sold 400 shares of AAON stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $100.27, for a total transaction of $40,108.00. Following the sale, the chief accounting officer directly owned 27,681 shares in the company, valued at $2,775,573.87. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Casey Kidwell sold 5,225 shares of AAON stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $90.00, for a total transaction of $470,250.00. Following the sale, the insider owned 12,662 shares in the company, valued at approximately $1,139,580. This represents a 29.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 37,118 shares of company stock worth $3,665,241. Company insiders own 18.09% of the company’s stock.

Institutional Investors Weigh In On AAON

A number of hedge funds and other institutional investors have recently modified their holdings of AAON. Pembroke Management LTD raised its position in AAON by 28.6% in the third quarter. Pembroke Management LTD now owns 553,149 shares of the construction company’s stock worth $51,686,000 after acquiring an additional 122,937 shares in the last quarter. Jackson Square Partners LLC raised its position in AAON by 195.8% in the third quarter. Jackson Square Partners LLC now owns 133,734 shares of the construction company’s stock worth $12,496,000 after acquiring an additional 88,516 shares in the last quarter. Moore Capital Management LP bought a new stake in AAON in the third quarter worth about $13,959,000. Comerica Bank raised its position in AAON by 23.7% in the fourth quarter. Comerica Bank now owns 238,462 shares of the construction company’s stock worth $18,183,000 after acquiring an additional 45,660 shares in the last quarter. Finally, WCM Investment Management LLC raised its position in AAON by 34.7% in the third quarter. WCM Investment Management LLC now owns 281,288 shares of the construction company’s stock worth $25,735,000 after acquiring an additional 72,506 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

AAON Stock Performance

AAON stock opened at $139.66 on Tuesday. The company has a market cap of $11.39 billion, a PE ratio of 97.66, a P/E/G ratio of 4.36 and a beta of 1.24. The company has a fifty day moving average price of $90.23 and a two-hundred day moving average price of $90.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.84. AAON has a 12 month low of $62.00 and a 12 month high of $149.00.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The firm had revenue of $496.94 million during the quarter, compared to the consensus estimate of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The firm’s revenue was up 54.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 earnings per share. Research analysts expect that AAON will post 2 earnings per share for the current year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 18th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, March 18th. AAON’s payout ratio is currently 27.97%.

About AAON

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.